Govt plans to sell 10 pct stake in Rashtriya Ispat Nigam

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Reuters NEW DELHI
Last Updated : Jul 25 2014 | 1:42 PM IST

NEW DELHI (Reuters) - The new government plans a public listing of steel company Rashtriya Ispat Nigam Ltd and will sell a 10 percent stake this fiscal year ending March, Finance Minister Arun Jaitley said on Friday.

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

(Reporting By Rajesh Kumar Singh; Editing by Anupama Dwivedi)

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First Published: Jul 25 2014 | 1:28 PM IST

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